MARKET & ECONOMY
According to the traders, the cotton prices have been lifted to an 11-year high of Rs14,500/40kg due to dwindling supplies and delayed imports.
Switzerland-based Rieter Holding Ltd and Shanghai (China) listed Saurer Intelligent Technology Co. Ltd have signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. (Amsterdam/Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach- Palenberg/Germany and Saurer Technologies GmbH & Co. KG (Krefeld/Germany).
Grasim Industries Ltd – the flagship company of the $ 46-billion Aditya Birla Group – has been awarded “The Economic Times Promising Plants 2021†in India for its Nagda SFD plant.
According to Basavaraj Bommai, Chief Minister, Karnataka, the era of development has begun in Haveri. He made an announcement related to the setting up of a textile park in Shiggaon
RD National College of Arts and Science has signed a MoU with the Texvalley in Gangapuram so that the students can gain hands-on experience in the textile market and design.
Cosmo Speciality Chemicals, a wholly-owned subsidiary of Cosmo Films Ltd, has launched a clay-based sourcing agent, Eco Clay, for the textile industry which reduces load on E.T.P upto 30% along with reducing COD/ BOD levels in the wash effluent by eliminating/reducing the need for additional auxiliaries in treatment baths i.e. wetting, sequestering, demineralizing & stabilizing agents, surfactants, lubricants, softeners, and defoamers.
More Group, a Kolkata-based Rs 10 billion textile processing firm, is going to add Rs 3.5-3.7 billion in the retail chain under the brand “SNV Shoppee” by FY 2023.
ELLEVEN, from the house of TCNS Clothing, has launched its first store in Bengaluru on Commercial Street. It is the ultimate destination for modern Indian women.
ELLEVEN, from the house of TCNS Clothing, has launched its first store in Bengaluru on Commercial Street. It is the ultimate destination for modern Indian women.